Number 786?
Number 786? Where Heromotoco headed in the Aftermath of the budget & results Hero Motocorp Ltd result brought a little disappointing numbers in Q3FY19, a revenue of 7864cr from Q2FY19 9090cr, but on a YoY basis, Hero clocked a moderate growth in revenue from 7305cr to 7864cr. Experts quite expected the moderate growth but failed to see 13.48% lower than last Q2 fiscal numbers, led the net profit to 769cr from Q2FY19 976cr, A shock of 21.2%.But company increased their infrastructure, investing on innovation, brought many new bikes & scooty in the market, such as hero goodlife, destiny 125, Maestro edge that gained market share in scooty segment. Extreme 200r in sports bike segment, & new super splendor which is best for those who ask for mileage. And many more to come. So, where the hustle that led the growth slumped and overall was gave net profit down 21.2% from last Q2FY19. Many reasons are considered, but some of them are increased fuel prices, a rise in ...